LE BRIEF

Ghana: Huayou takes over Ewoyaa obligations, with US$66 million in planned funding

LE BRIEF • 2026-10-27

Atlantic Lithium confirms completion of the transfer of Elevra Lithium’s rights and obligations to Huayou. The Chinese group takes over a 22.5% interest and a funding arrangement that could raise its stake to 50%.

LE BRIEF — Tuesday, 27 October 2026 edition By the LE BRIEF newsroom Country : Ghana Source publication : 26 October 2026 Event : Transfer completion announced on 26 October 2026, following the initial May agreement. Illustration supplied for this report. The financing structure of Ghana’s Ewoyaa lithium project is entering a new configuration. Atlantic Lithium announced on 26 October 2026 that the transfer to Zhejiang Huayou Cobalt of rights and obligations previously held by Elevra Lithium in its Ghanaian portfolio had been completed. The transaction gives effect to the agreement announced in May. According to the company, Ghana’s Ministry of Lands and Natural Resources confirmed that it had no objection to the change of control of the entities concerned. Funding linked to an increased equity interest Huayou now holds rights corresponding to a 22.5% interest. The group also takes over spodumene concentrate offtake rights and the financial obligations associated with Elevra’s participation. The agreements provide for the remaining development expenditure to be funded up to US$66 million. Those contributions are intended to earn an additional 27.5% interest, potentially taking Huayou’s stake to 50%. Subsequent costs would then be shared between the partners under the contractual arrangements. The US$66 million represents a funding commitment provided for by the agreements. It...